【Tengyuan Cobalt Plans to Redirect RMB 949 Million of IPO Proceeds to DRC Lufupa Hydropower Project】Tengyuan Cobalt's 2026 first extraordinary general meeting approved a proposal to change part of its IPO-funded projects. The company plans to reduce the planned capacity of its ternary precursor project from 80,000 mt/year to 20,000 mt/year, releasing RMB 948.75 million in proceeds, equivalent to 18.23% of its net IPO proceeds. The funds will be redirected to the Lufupa hydropower project in the Democratic Republic of the Congo, which will be implemented by its wholly owned subsidiary.

【Liqi Intelligent Signs RMB 2 Billion Investment Agreement for Lithium Battery Equipment Manufacturing Base】Liqi Intelligent announced that it officially signed an investment cooperation agreement with Wuxi Wanshanhu Industrial Development Co., Ltd. on September 21, 2026, for the construction of a lithium battery equipment intelligent manufacturing base and R&D center. The project has a total investment of RMB 2 billion, with the main terms consistent with those previously disclosed by the company.

【Keda Industrial Group Plans RMB 4.5 Billion Investment in 500,000 mt/year Graphite Anode Material Project】Keda Industrial Group said its subsidiary Fujian Keda New Energy plans to sign an investment cooperation agreement with Tumed Right Banner government and invest approximately RMB 4.5 billion, including working capital, to build an integrated graphite anode material project with annual capacity of 500,000 mt in Baotou, Inner Mongolia. The project will cover approximately 1,000 mu and is expected to start construction in October 2026, with a construction period of 10-12 months. The company currently has approximately 150,000 mt/year of integrated artificial graphite capacity, which is expected to increase to 180,000 mt/year after capacity upgrades in 2026. The project is currently in the preliminary preparation stage and remains subject to relevant filings and approvals.